Paul McCartney Back with Capitol Records Again

Paul McCartney has just announced that he’s signed a worldwide recording agreement with his old label, Capitol Records.

The deal encompasses McCartney’s entire body of post-Beatles work, from his 1970 McCartney album, through his decade with Wings, to the dozens of solo and collaborative works and is a welcome home to the label where he began his career.

“This is genuinely exciting for me,” McCartney said. “Not only was Capitol my first U.S. record label, but the first record I ever bought was Gene Vincent’s ‘Be-Bop-A-Lula’ on the Capitol label.”

McCartney is currently working on a new studio album, while a comprehensive plan for the artist’s catalogue is being conceived by Capitol and Universal Music Enterprises (UMe) – in conjunction with the artist and his management team – and will be implemented beginning July 2017**. The catalogue moves to Capitol/UMe from the Concord Music Group, Paul’s previous label partner.

Capitol Music Group (CMG) Chairman and CEO, Steve Barnett said “Paul McCartney’s association with Capitol has long defined so much of our historic legacy, and all of us here are extremely proud and honored that he has chosen to come back home. Paul’s indelible contributions to our culture are second to none, and his constant evolution as an artist and performer continues to inspire and enrich the lives of countless millions of people. We are overjoyed that Paul will be creating new music for years to come, and that Capitol will be helping to present it to the world.”

Paul McCartney High in the cloud recording session

** Just what this means will be interesting for collectors and fans. We’re in the middle of a huge McCartney Archive re-issue program in conjunction with Concord Records. So, what happens to that is one question that comes immediately to mind. Hopefully we’re not looking at starting over with an entirely new back-catalogue release program…..

McCartney to Concord Records

Paul McCartney has announced he’s to reissue his extensive post-Beatles catalogue through the independent label, Concord Music. It means that the struggling EMI Group, his former label, misses out on a potentially huge revenue spinner, though they still remain in control of the lucrative Beatles material.

Concord, which started life in 1973 primarily as a jazz label, has previously released McCartney material. In 2007 it was the album Memory Almost Full, and last year it was the CD and DVD standard and deluxe editions of the live performance release Good Evening New York City. Both albums were distributed under the Hear Music brand, a partnership between coffee chain Starbucks and Concord. A fact I wasn’t aware of until I started to research the announcement is that there’s now a strong Australian connection to Concord, and hence a direct connection to Paul McCartney. In 2008 the label merged with Australia’s Village Roadshow Pictures Group. Veteran TV producer and writer, Norman Lear (co-owner of Concord from 1999), is still chairman of the label following the merger.

So, McCartney has turned over his substantial catalogue of about two dozen albums to Concord. The deal includes all his releases from 1970 to 2006.

Concord has announced that the first reissue they’ll produce is 1973’s Band on the Run. The CD is scheduled for an August 2010 release and will be remastered, featuring enhanced packaging and rare bonus tracks.

“I’m always looking for new ways and opportunities to get my music to people and Concord share this passion,” McCartney said of the new deal.

According to the label’s website fans “can expect both physical and digital distribution of gems from solo offerings like McCartney, Ram, Pipes of Peace, Give My Regards to Broad Street, and Flaming Pie, as well as Wings landmarks such as Wildlife and Red Rose Speedway. In addition, the re-releases will include stuff done under McCartney’s pseudonyms: Percy ‘Thrills’ Thrillington, The Fireman and Twin Freaks.”

The Los Angeles Times has a really interesting article about the journey of the Concord label to this point, and how they’ve expanded their stable of artists significantly, including the acquisition of the legendary folk and roots label Rounder Records, and deals with artists as diverse as Macy Gray, John Fogerty, Joni Mitchell, Loudon Wainwright III, Eric Bibb, Stanley Clarke, Carole King and James Taylor.  The company has some well-known record labels in it’s stable, including Milestone Records, Fantasy Records, Pablo, Prestige, Stax and Telarc.

(Sources: Concord Group website; New Music Express; the Gibson website; LA Times; and BBC News)

UPDATE:  New Release Date Announced.